Mining.com

By Valentina Ruiz Leotaud A study conducted by Sonia Bhalotra, Professor of Economics at the University of Essex, shows that when world gold prices go up, fewer girl babies in India survive the first month of life. In a piece published in The Conversation, Bhalotra writes that the relationship between gold prices and girls survival […]

By Cecilia Jamasmie Shares in Ecuador-focused explorer SolGold (LON, TSX:SOLG) dropped Friday in Toronto after the company reported an annual loss that almost doubled the one registered in 2017. For the 12 months to June, SolGold’s pre-tax loss was A$15.3 million, compared to $8.3 million it recorded a year before. The stock fell 3.2% in

By Reuters MUMBAI/BENGALURU, Sept 28 (Reuters) – Physical demand saw an uptick in the world’s biggest gold consumer, China, after prices fell to six-week lows this week, while discounts narrowed in India as buyers postponed purchases, awaiting a bigger fall. Premiums in China strengthened to $6.5-$8 an ounce from last week’s $4-$6.50, traders said. “Cheaper

By Cecilia Jamasmie Congo’s Société Minière de Kilo-Moto SA, better known as Sokimo, warned Friday that if Randgold Resources transfers to Barrick its stake in Kibali gold mine, in which the state miner has a 10% interest, it would be forced to “assert its rights”. Canada’s Barrick Gold (TSX, NYSE:ABX) agreed to buy Randgold Resources

By Bloomberg News Swiss asset manager and commodities trader Tiberius Group AG is stepping into the $215 billion digital coin market by offering a new token backed by seven metals in a sale set for Oct. 1. Aiming to distinguish its Tiberius Coin from the thousands that have no reference value, the company plans to

By Reuters Sept 27 (Reuters) – Russian gold miner Petropavlovsk expects to report a net profit next year as a key gold treatment project is set to boost production and cut costs, Chief Executive Pavel Maslovskiy said on Thursday. The company swung to a net loss of $24.8 million in the first half on rising

By Bloomberg News (Bloomberg) — The two biggest South African unions at Sibanye Gold Ltd.’s mines got permission to strike over pay after a deadlock in gold wage talks. The National Union of Mineworkers and Association of Mineworkers and Construction Union received strike certificates at Sibanye after negotiations were referred to the Commission for Conciliation,

By Bloomberg News Mark Bristow built a reputation as the developer and operator of lucrative mines in Africa. Now the world’s biggest gold mining company is betting he can do the same in another complex region, South America. The Randgold Resources Ltd. founder is set to become chief executive officer of Barrick Gold Corp. after

By Cecilia Jamasmie Freeport McMoRan (NYSE:FCX) and Rio Tinto (LON:RIO) signed Thursday a final $3.9 billion agreement that gives Indonesia a majority stake in their Grasberg copper mine, the world’s second-largest, and which would be transferred to the state-owned mining company PT Indonesia Asahan Aluminium (Inalum). The “definitive” and “binding” agreement ends a long-drawn-out, three-way

By Bloomberg News (Bloomberg) — Democratic Republic of Congo President Joseph Kabila vowed delayed elections to select his successor will take place as planned this year. Presidential and parliamentary votes have been delayed since 2016, after the electoral commission failed to organize them on time. The central African nation, which is the world’s largest cobalt